Ecological and economic model of optimal management with the linear function of usefulness

Tadeyev Yuriy P.
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Tadeyev Yuriy P.: Kyiv National University named after T. Shevchenko

The Problems of Economy, 2013, issue 2, 284_287

Abstract: The article studies an ecological and economic model of optimal management with the linear function of usefulness. The model takes into account investments into production funds, into intellectual capital as a part of human capital, and into protection of environment. Among a multitude of possible stationary equilibrium states the article studies in detail four states that satisfy necessary conditions of optimality: equilibrium of the golden age, equilibrium of the intellectual age, equilibrium of the ecological age and equilibrium of the dark age.

Keywords: dynamic ecological and economic model; linear function of usefulness; investments into production capital; investments into intellectual capital; investments into protection of environment; model of optimal management; state of equilibrium of differential (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:idp:redpoe:y:2013:i:2:p:284_287

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